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Residential Whole Loans - Vintage Information Regarding Residential Whole Loans (Details) - Residential whole loans - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Non-QM loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total $ 5,672,020 $ 5,346,693
Business purpose loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total 2,131,029 2,443,328
Business purpose loans | Single-family rental loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total 1,154,384 1,235,346
Business purpose loans | Single-family transitional loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total 655,763 718,345
Business purpose loans | Multifamily transitional loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total 320,882 489,637
Seasoned RPL/NPL loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total 925,157 979,016
Other loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Total 49,054 51,022
Estimated Fair Value    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
2026 954,616  
2025 1,951,584  
2024 943,365  
2023 853,452  
2022 1,048,096  
Prior 2,013,952  
Total 7,765,065  
Estimated Fair Value | Non-QM loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
2026 727,564  
2025 1,647,412  
2024 779,170  
2023 455,301  
2022 470,105  
Prior 1,062,270  
Total 5,141,822 4,753,480
Estimated Fair Value | Business purpose loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
2026 227,052  
2025 304,172  
2024 164,195  
2023 398,151  
2022 577,991  
Prior 373,677  
Total 2,045,238 2,348,165
Estimated Fair Value | Business purpose loans | Single-family rental loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
2026 64,589  
2025 1,622  
2024 37,118  
2023 197,935  
2022 456,264  
Prior 318,109  
Total 1,075,637 1,147,234
Estimated Fair Value | Business purpose loans | Single-family transitional loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
2026 162,463  
2025 302,550  
2024 97,744  
2023 70,458  
2022 12,550  
Prior 2,954  
Total 648,719 711,294
Estimated Fair Value | Business purpose loans | Multifamily transitional loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
2026 0  
2025 0  
2024 29,333  
2023 129,758  
2022 109,177  
Prior 52,614  
Total 320,882 489,637
Estimated Fair Value | Seasoned RPL/NPL loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
2026 0  
2025 0  
2024 0  
2023 0  
2022 0  
Prior 528,951  
Total 528,951 564,340
Estimated Fair Value | Other loans    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
2026 0  
2025 0  
2024 0  
2023 0  
2022 0  
Prior 49,054  
Total $ 49,054 $ 51,022